Mar 03, 2015
Nifty Vs OI
The Nifty futures open interest increased by
BankNifty futures open interest has increased by 4.62%
as market closed at 8956.75 levels.
The Nifty March future closed at premium of
points against a premium of 62.80 points. The April
series closed at a premium of 107.45 points.
The Implied Volatility of at the money options has
decreased from 16.75% to 15.31%.
Nifty PCR-OI has increased from 0.86 to 0.90 levels.
The total OI of the market is Rs. 1,95,808/- cr. and the
stock futures OI is Rs. 70,251/- cr.
Few of the liquid counters where we have seen high cost
of carry are HDFCBANK, MINDTREE, AUROPHARMA,
UNITECH and FEDERALBNK.
FIIs bought in cash market segment of worth Rs. 424
crores. In Index Futures they were net buyers of worth
Rs. 850 crores with rise in open interest indicating
continuation of fresh long formation in last trading
In Index Options again they bought significantly of
worth Rs. 2473/- crores with rise in open interest
suggesting buying in options. In call options we saw
some buildup in 9100 strike price, 9400 call option
also added more than 42,000 contracts yesterday.
On the other hand in put options 8600-8900 strikes
continue to add good amount of buildup and we
believe these are FIIs long positions to hedge their
Futures positions. Maximum buildup in current series
is visible in 9000 call & 8500 put options.
Seeing the above data we believe we may see some
more strength in Nifty but we would suggest not
going aggressively long at current levels. Budget not
as good as it appears from short term, so buying put
options at bounce will be a good idea.
Mar 03, 2015
FII Statistics for 02-Mar-2015
Turnover on 02-Mar-2015
Nifty Spot =8956.75
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Mar Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Mar 03, 2015
Research Team Tel: 022 - 39357800
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